# The following selected data for Dawson Inc. for 2017 was gathered by its accountants, who are...

###### Question:

The following selected data for Dawson Inc. for 2017 was gathered by its accountants, who are responsible for preparing the financial statements:

Cost of good sold                             $56,500 Amortization Expense 14,000 Other operating expenses 17,700 Loss on sale of investments 1,500 Gain on sale of capital assets 8,500 Sales revenue 95,600 Interest revenue received 5,200 Dividend revenue received 2,500 Salary expense 27,200 Interest expense paid 5,900 Income tax expense 2,400 The cash balance on Jan. 1, 2017 has a balance of$15,000 and on Dec. 31, 2017, had a balance of $208,500 Other data gathered by the accountants for 2017: Accounts receivable decreased$13,600

Inventory increased                                                      6,800

Prepaid expenses decreased                                      2,700

Accounts payable increased                                         21,400

Salary payable increased                                               1,500

Accrued liabilities decreased                                       4,300

Income tax payable increased                                     800

Acquisition of capital assets                                        46,000

Issuance of common shares                                         80,000

Proceeds from sale of investments                           35,000

Collection of loan principal                                          22,600

Payment of dividend                                                      15,000

Proceeds of sale of capital assets                             31,700

Proceeds from sale of repurchase of shares          45,000

In good form prepare the statement of cash flow for the year ended December 31,2017 using the direct method.

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